Boston Private Financial Hldg Inc to Post FY2019 Earnings of $0.93 Per Share, SunTrust Banks Forecasts (NASDAQ:BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Research analysts at SunTrust Banks boosted their FY2019 earnings per share estimates for Boston Private Financial in a research note issued to investors on Thursday, June 27th, Zacks Investment Research reports. SunTrust Banks analyst M. Young now expects that the bank will post earnings per share of $0.93 for the year, up from their previous estimate of $0.92. SunTrust Banks also issued estimates for Boston Private Financial’s Q4 2019 earnings at $0.24 EPS.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $82.62 million for the quarter, compared to analysts’ expectations of $85.15 million. Boston Private Financial had a net margin of 18.42% and a return on equity of 10.87%. During the same period in the previous year, the firm posted $0.27 EPS.

BPFH has been the topic of several other reports. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a research report on Tuesday, June 25th. TheStreet raised shares of Triton International from a “d-” rating to a “c” rating in a research report on Friday, July 12th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, BidaskClub raised shares of ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 17th. Four analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

BPFH traded up $0.22 during trading on Friday, hitting $11.59. The company had a trading volume of 703,421 shares, compared to its average volume of 456,379. The stock has a market capitalization of $952.54 million, a P/E ratio of 11.95 and a beta of 1.08. Boston Private Financial has a one year low of $10.00 and a one year high of $15.15. The stock has a 50-day moving average of $11.37. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.02 and a quick ratio of 1.02.

A number of large investors have recently modified their holdings of BPFH. Norges Bank acquired a new position in shares of Boston Private Financial during the 4th quarter worth about $10,546,000. Citigroup Inc. increased its stake in shares of Boston Private Financial by 76.1% during the 4th quarter. Citigroup Inc. now owns 93,052 shares of the bank’s stock worth $984,000 after purchasing an additional 40,222 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Boston Private Financial during the 4th quarter worth about $1,082,000. D. E. Shaw & Co. Inc. increased its stake in shares of Boston Private Financial by 102.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 418,292 shares of the bank’s stock worth $4,421,000 after purchasing an additional 211,810 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Boston Private Financial by 866.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 19,397 shares of the bank’s stock worth $213,000 after purchasing an additional 17,390 shares during the last quarter. 90.90% of the stock is currently owned by hedge funds and other institutional investors.

Boston Private Financial Company Profile

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.

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Earnings History and Estimates for Boston Private Financial (NASDAQ:BPFH)

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